$23,500,000

500 Alton Rd #4501, Miami Beach, FL 33139

Bedrooms
6
Baths
8
Living area
6,000 ft²
Price per ft²
$3,917 / ft²
Type
Condo
Year built
2024
HOA
$16,179 / mo HOA
On market
2 days on market
MLS #
A12085309

Experience an extraordinary sky residence at FIVE PARK with 270-degree panoramic views of the Atlantic Ocean, Biscayne Bay and Miami skyline. This exceptional 6-bedroom, 7-bath + powder room residence offers approx. 6,061 SF of interiors plus a 1,863 SF wraparound terrace. Elevated beyond the standard offering with Gabellini Sheppard specifications and extensive upgrades by Menin Interiors, the home features 11-foot ceilings, Marmorino plaster, custom millwork, wood paneling and Arca “Dune” wood flooring. A private elevator opens to a custom paneled foyer. The chef’s kitchen features upgraded Italkraft cabinetry, Calacatta Monet Extra stone, Gaggenau appliances and built-in espresso machine, plus a separate back chefs' kitchen. The primary suite includes custom illuminated his-and-hers closets, owner’s closet, safe drawer and spa baths with Kohler steam shower, upgraded fixtures and Toto Neorest. Additional features include a family/media room, executive office, CM Kling lighting design, Lutron-controlled lighting and shades, Sonos audio, James speakers, Meraki Wi-Fi and upgraded 16-ton HVAC. Four parking spaces included. FIVE PARK amenities include two resort-style pools, resident café and pool bar, spa and wellness facilities, fitness center, The Canopy Club, private beach club with transportation and beach service, 24/7 concierge, screening room, co-working spaces and adjacent 3-acre Canopy Park.

The MiamiLi Read

The lines below are derived automatically from this listing’s own data and the area’s recorded deed transfers. They are not a personal opinion or investment advice.

  • Price per square footThe asking price per ft² on this listing is $3,917. The median for recorded sales in the same ZIP codes is $607/ft² — putting it 545% above the median.
  • Position in the area’s price distributionThe asking price is $23,500,000; the median of recorded sales in the area is $586,000 (2,219 sales). On raw price that is 3,910% above the median — this line does NOT adjust for property type or size.
  • HOA fee as a share of priceAn HOA fee of $16,179 per month comes to $194,148 a year — 0.8% of the asking price. That amount is deducted from rental yield.

How to read this comparison: the figure on the left is an asking price, while the one on the right is a closed sale median — the two are not the same thing, and the room to negotiate sits inside that gap. The median covers every property type and size in those ZIP codes; it carries no adjustment for a single listing’s floor, view, age or finishes. This box is not an appraisal.

Scope: ZIP codes 33139, 33140, 33141 · arm’s-length sales recorded by the Miami-Dade County Property Appraiser.

Monthly mortgage payment

Estimated monthly loan payment based on this listing's price. Adjust the down payment, rate and term to match your own terms.

30%$7,050,000
Term

6.76% — Freddie Mac PMMS (FRED) current mortgage rates, 30-year fixed, conforming. Priced September 10, 2026.

Estimated monthly payment$106,804
Loan amount
$16,450,000
Total interest over the term
$21,999,352
Total repaid
$38,449,352

Foreign buyers are typically asked for 30–40% down, at rates 1–2 points above what US citizens pay. The rate above is the US-citizen product — enter your own rate if you know your terms.

Principal and interest only; property tax, insurance and HOA dues are NOT included. This is not a binding offer.

One Sotheby's International Realty

Listing data provided by the Southeast Florida MLS (MIAMI REALTORS®) IDX feed. Copyright Southeast Florida Multiple Listing Service © 2026. Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited.

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